Category: Advisors

This issue of The Wealth Counselor examines a topic that is critical to business owners and key employees - non-qualified deferred compensation (NQDC). NQDC is often a significant component of these individuals' compensation and employers often use NQDC to try to ensure the retention of key employees. Given the flexibility of NQDC plan design and...

This issue of The Wealth Counselor examines a topic that should interest all owners of non-term life insurance policies and their advisors - Internal Revenue Code Section 1035 and its application. A 1035 exchange of life insurance policies, unlike a surrender or sale of a policy, is not an income recognition event. This can allow...